When one of the richest men in the world is worried about the economy, there is still no lifeboat for those who work for him. This is happening to Elon Muskwhose wealth is known to all. The founder of Tesla and SpaceX would have confirmed the possibility of cutting Tesla’s workforce by 10%, explaining that the company has a large number of oversized departments. It is about ten thousand people, and of course it is not a little.
In the email Musk sent to employees it was pointed out how the cuts will not affect those who physically build “cars, solar panels or batteries”and therefore it is assumed that employees from other departments, such as engineering, design, communications and special projects, will be challenged.
The motivation? Musk has “a bad feeling”In relation to the US economy. Obviously, given the cuts, all ongoing hires have been paused. Musk believes a severe recession is about to come. These words were spoken two days after he said that remote working is essentially no longer accepted at the Tesla home, just as the world is doing the exact opposite. One would think that the leader of a major car manufacturer is not too happy to see people working from home, which makes the need to buy a new car less strong. But with Musk it is very difficult to predict or think about what is on his mind.
There is also the possibility, but even here it is rumors without any shred of evidence for now, that Musk made this announcement to entice non-members to a change of scenerythus reducing the salary without sending people away directly through heavy layoffs.
Musk’s comments on the possible recession follow those of other top executives, such as Jamie Dimon, CEO of JPMorgan Chase, and John Waldron, president of Goldman Sachs. For them, the US and world recession is upon us, or has already begun.
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